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Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.
As of today (2026-09-01), the stock price of True Data is 円421.00. True Data's graham number for the quarter that ended in Mar. 2026 was 円289.03. Therefore, True Data's Price to Graham Number ratio for today is 1.47.
The historical rank and industry rank for True Data's Graham Number or its related term are showing as below:
TSE:4416'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.44 Med: 1.99 Max: 5.99
Current: 1.47
During the past 7 years, the highest Price to Graham Number ratio of True Data was 5.99. The lowest was 1.44. And the median was 1.99.
TSE:4416's Price-to-Graham-Number is ranked better than 63.34% of 1473
companies
in the Software industry
Industry Median: 1.9
vs TSE:4416: 1.47
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:
Current price should not be more than 15 times average earnings of the past three years.
Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)
Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.
In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.
True Data's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
421.00
/
285.71
=
1.47
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Please keep these in mind:
1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.
True Data Graham Number Related Terms
True Data Graham Number Historical Data
* Premium members only.
The historical data trend for True Data's Graham Number can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
TSE:4416 vs CRM, SHOP, UBER: Graham Number Comparison
For the Software - Application subindustry, True Data's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
True Data Price-to-Graham-Number vs Software Industry
For the Software industry and Technology sector, True Data's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where True Data's Price-to-Graham-Number falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
True Data (TSE:4416) has a Graham Number of 円289.03 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on True Data and its competitors. According to the industry distribution chart, True Data ranks #540 out of 1473 companies in the Software industry, placing it in the top 36.7%.
Is True Data's Graham Number too high?
True Data's current Graham Number is 円289.03. Based on the distribution chart, True Data ranks #540 out of 1473 companies in the Software industry, which is above the industry midpoint. Overall, True Data has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does True Data's Graham Number compare to CRM and SHOP?
According to the Software industry distribution chart, True Data ranks #540 out of 1473 companies for Graham Number. This puts True Data in the upper half of its industry. The industry median Graham Number is 1.90. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for a Software company?
The median Graham Number among Software companies is 1.90, based on 1,473 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on True Data and its competitors. For the Software industry, the median Graham Number is 1.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. True Data's current Graham Number is 円289.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is True Data stock overvalued right now?
Based on GuruFocus' analysis, True Data (TSE:4416) is currently considered Significantly Undervalued. The stock's GF Value™ is 円679.46, compared to a current price of 円421.00 — trading 38% below its estimated fair value. The current Graham Number is 円289.03. True Data's overall GF Score™ is 64/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For True Data (TSE:4416), the current Graham Number is 円289.03 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is True Data (TSE:4416) Overvalued in 2026?
Based on GuruFocus' analysis, True Data stock appears to be undervalued.
The current stock price of 円421.00 is trading 38% below its estimated GF Value™ of 円679.46.
GuruFocus considers True Data to be Significantly Undervalued.
Key valuation signals for TSE:4416:
Graham Number: 円289.03
GF Value™: 円679.46 vs. price of 円421.00 (38% below fair value)
No single metric tells the full story. See the TSE:4416 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
True Data Inc operates a big data platform based on the data generated daily from consumer purchasing behavior. The company deals with POS data with customer IDs from drug stores, supermarkets, and other retailers, and provides analysis and disclosure support tools using such data, as well as other services related to data marketing. Its services are divided into solutions for manufacturers, retailers, and all industries. In the solutions for manufacturers, it provides services such as Eagle Eye, Dolphin Eye, and POS Analysis Cloud. In the solutions for retailers, it offers services such as Shopping Scan, and for all industries, it provides data and analysis reports related to consumer purchases, data utilization support services such as AI, and other related services.
64GF Score
Get the complete analysis for TSE:4416
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